Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Accumulated Other Comprehensive Loss

Note 3. Accumulated Other Comprehensive Loss

The following table presents the after-tax changes in the balances of each component of accumulated other comprehensive loss for the three and six months ended June 30, 2013.

	Components of Accumulated Other Comprehensive Loss												Total
	Unrealized Gains and Losses on Available for Sale (AFS) Securities			Non-credit Impairment Losses on AFS Securities			Unrealized Gains and Losses on Derivatives			Defined Benefit Pension Plan			Accumulated Other Comprehensive Loss
	(in thousands)
Balance at March 31, 2013	$	(2,080	)	$	502		$	(11,662	)	$	(34,386	)	$	(47,626	)
Other comprehensive income before reclassifications		(16,353	)		2,008			2,036			18,784			6,475
Amounts reclassified from other comprehensive income		(25	)		(43	)		995			1,072			1,999
Other comprehensive income, net		(16,378	)		1,965			3,031			19,856			8,474
Balance at June 30, 2013	$	(18,458	)	$	2,467		$	(8,631	)	$	(14,530	)	$	(39,152	)
Balance at December 31, 2012	$	906		$	(4,175	)	$	(12,676	)	$	(34,964	)	$	(50,909	)
Other comprehensive income before reclassifications		(17,040	)		6,751			1,959			18,769			10,439
Amounts reclassified from other comprehensive income		(2,324	)		(109	)		2,086			1,665			1,318
Other comprehensive income, net		(19,364	)		6,642			4,045			20,434			11,757
Balance at June 30, 2013	$	(18,458	)	$	2,467		$	(8,631	)	$	(14,530	)	$	(39,152	)

The following table presents amounts reclassified from each component of accumulated other comprehensive loss on a gross and net of tax basis for the three and six months ended June 30, 2013.

	Amounts Reclassified from Accumulated Other Comprehensive Loss
Components of Accumulated Other Comprehensive Loss	Three Months Ended June 30, 2013			Six Months Ended June 30, 2013			Income Statement Line Item
	(in thousands)
Unrealized gains on AFS securities before tax	$	41		$	3,999			Gains (losses) on securities transactions, net
Tax effect		(16	)		(1,675	)
Total net of tax		25			2,324
Non-credit impairment losses on AFS securities before tax:
Accretion of credit loss impairment due to an increase in expected cash flows		75			188			Interest and dividends on investment
Tax effect		(32	)		(79	)		securities (taxable)
Total net of tax		43			109
Unrealized losses on derivatives (cash flow hedges) before tax		(1,714	)		(3,594	)		Interest expense
Tax effect		719			1,508
Total net of tax		(995	)		(2,086	)
Defined benefit pension plan:
Amortization of prior service cost		(241	)		(443	)*
Amortization of net actuarial loss		(811	)		(1,605	)*
Recognition of loss due to curtailment		(750	)		(750	)*
Total before tax		(1,802	)		(2,798	)
Tax effect		730			1,133
Total net of tax		(1,072	)		(1,665	)
Total reclassifications, net of tax	$	(1,999	)	$	(1,318	)

* These accumulated other comprehensive loss components are included in the computation of net periodic pension cost.